115 RIVER PL
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Location
115 RIVER PL
Mblu
157/ 4735/ 115/ /
Parcel ID
P12250
Owner
NEXT GENERATION 145 PO LLC`
PBN
Assessment
$40,557,800
Appraisal
$40,557,800
Internal ID
35649
Building Count
3
Current Value
Appraisal
Valuation YearImprovementsLandTotal
2026$26,697,800$13,860,000$40,557,800
Assessment
Valuation YearImprovementsLandTotal
2026$26,697,800$13,860,000$40,557,800

Owner of Record
OwnerNEXT GENERATION 145 PO LLC`
Co-OwnerC/O PRINCETON PLAZA LLC
Address1115 WESTFORD ST
LOWELL, MA 01851
Sale Price$4,750,000
Certificate
Book & Page 39713/0020
Sale Date11/24/2025
Instrument1N

Ownership History
Ownership History
OwnerSale PriceCertificateBook & PageInstrumentSale Date
NEXT GENERATION 145 PO LLC`$4,750,000 39713/00201N11/24/2025
PRINCETON PLAZA LLC$17,200,000 27825/01781V11/15/2013
PRINCETON PLAZA LTD PARTNERSHP$16,443,614 08239/00721E09/30/1996
MASS FINANCE AGENCY PROPERTY$0 08207/01271F09/09/1996
MASS FINANCE AGENCY PROPERTY$0 07821/02641R01/04/1996

Building Information
Building 1 : Section 1
Year Built: 1973
Living Area: 186,520
Replacement Cost: $38,844,241
Building Percent Good: 70
Replacement Cost
Less Depreciation:
$27,191,000
Building Attributes
FieldDescription
Style:Apartments
ModelCommercial
GradeAverage +10
Stories:22
Occupancy1.00
Exterior Wall 1Concr/Cinder
Exterior Wall 2 
Roof StructureSteel Frm/Trus
Roof CoverTar & Gravel
Interior Wall 1Drywall/Sheet
Interior Wall 2 
Interior Floor 1Carpet
Interior Floor 2 
Heating FuelOil
Heating TypeForced Air-Duc
AC TypeCentral
Struct Class 
Bldg UseAff Hgs Units (Apts)
Total Rooms 
Total Bedrms00
Total Baths0
1st Floor Use:1140
Heat/ACHEAT/AC PKGS
Frame TypeMASONRY
Baths/PlumbingAVERAGE
Ceiling/WallCEIL & WALLS
Rooms/PrtnsAVERAGE
Wall Height10.00
% Comn Wall0.00
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
FUSUpper Story, Finished 177,900 177,900
BASFirst Floor 8,620 8,620
FEPPorch, Enclosed 630 0
   187,150 186,520
Building 2 : Section 1
Year Built: 1973
Living Area: 87,970
Replacement Cost: $16,913,112
Building Percent Good: 50
Replacement Cost
Less Depreciation:
$8,456,600
Building Attributes : Bldg 2 of 3
FieldDescription
Style:Apartments
ModelCommercial
GradeAverage
Stories:12
Occupancy110.00
Exterior Wall 1Concr/Cinder
Exterior Wall 2 
Roof StructureSteel Frm/Trus
Roof CoverTar & Gravel
Interior Wall 1Drywall/Sheet
Interior Wall 2 
Interior Floor 1Carpet
Interior Floor 2 
Heating FuelOil
Heating TypeForced Air-Duc
AC TypeCentral
Struct Class 
Bldg UseAff Hgs Units (Apts)
Total Rooms 
Total Bedrms00
Total Baths0
1st Floor Use:1140
Heat/ACHEAT/AC PKGS
Frame TypeMASONRY
Baths/PlumbingAVERAGE
Ceiling/WallCEIL & WALLS
Rooms/PrtnsAVERAGE
Wall Height10.00
% Comn Wall0.00
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
FUSUpper Story, Finished 80,280 80,280
BASFirst Floor 7,690 7,690
   87,970 87,970
Building 3 : Section 1
Year Built: 1973
Living Area: 77,495
Replacement Cost: $14,522,563
Building Percent Good: 70
Replacement Cost
Less Depreciation:
$10,165,800
Building Attributes : Bldg 3 of 3
FieldDescription
Style:Apartments
ModelCommercial
GradeAverage
Stories:11
Occupancy 
Exterior Wall 1Concr/Cinder
Exterior Wall 2 
Roof StructureSteel Frm/Trus
Roof CoverTar & Gravel
Interior Wall 1Drywall/Sheet
Interior Wall 2 
Interior Floor 1Carpet
Interior Floor 2 
Heating FuelOil
Heating TypeForced Air-Duc
AC TypeNone
Struct Class 
Bldg UseAff Hgs Units (Apts)
Total Rooms 
Total Bedrms00
Total Baths0
1st Floor Use:1140
Heat/ACHEAT/AC PKGS
Frame TypeMASONRY
Baths/PlumbingAVERAGE
Ceiling/WallCEIL & WALLS
Rooms/PrtnsAVERAGE
Wall Height10.00
% Comn Wall0.00
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
FUSUpper Story, Finished 70,450 70,450
BASFirst Floor 7,045 7,045
   77,495 77,495

Extra Features
Extra Features

No Data for Extra Features


Land
Land Use
Use Code1140
DescriptionAff Hgs Units (Apts)  
ZoneDMU
Neighborhood
Alt Land ApprNo
Category
Land Line Valuation
Size (Acres)6.27
Frontage0
Depth0
Assessed Value$13,860,000
Appraised Value$13,860,000

Outbuildings
Outbuildings
CodeDescriptionSub CodeSub DescriptionSizeValueBldg #
FGR1GARAGE-AVE  1824.00 S.F.$29,2001
Valuation History
Appraisal
Valuation YearImprovementsLandTotal
2025$27,621,800$12,936,000$40,557,800
2024$19,721,500$12,075,000$31,796,500
2023$17,711,500$10,500,000$28,211,500

Assessment
Valuation YearImprovementsLandTotal
2025$27,621,800$12,936,000$40,557,800
2024$19,721,500$12,075,000$31,796,500
2023$17,711,500$10,500,000$28,211,500

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